Revenue from foreign sales increased by close to 7.5% from May 2016. Imports amounted to USD 12.131 billion, leading to a USD 7.661 billion surplus, the highest on record for the month.
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Production increased year-on-year in April. In April from March, however, it slid by 0.4%.
Buoyed by agriculture and livestock farming, Brazil’s Gross Domestic Product increased for the first time after two straight years of quarter-on-quarter drops. In the 12 years through March, GDP slid by 2.3%.
Export revenues totaled USD 627.78 million in April. In the first four months, sales to the external market registered a positive trend.
The unemployment rate reached 13.6% in the three-month period ending in April, according to data made public by the statistics institute IBGE. The number of unemployed rose 23.1% year-over-year.
The shipping of logs to Guaíba, in the state of Rio Grande do Sul, drove throughput at the seaport in the first four months of the year to 81% of the total volume in 2016.
Digital foreign trade platform created by Brazilian firm Intradebook will be used in United Nations projects focused on female entrepreneurs. The solution helps small and medium-sized companies to export.
An indicator from think tank Fundação Getulio Vargas increased by 9.3 points in May from April, after dropping for several months on end.
The bank will offer its support to the Tunisia Entrepreneur Financial Center. IBRD will guide the Arab country’s center on how to increase its loans and develop products to small firms.
A survey conducted by the OECD shows that growth from January to March 2017 was the highest since the second quarter of 2011. Brazil ranked among the top exporting countries.
The seaport in the state of São Paulo reached its biggest share of total exports/imports from Brazil so far this year in the January-April period, at USD 31.7 billion worth of cargo.
A survey by the Brazilian Central Bank states that financial institutions are expecting the benchmark interest rate to be cut by 1 percentage point in a Copom meeting this week. Inflation forecast was revised up.
Manufacturing industry in the Arab Gulf countries increased, on average, 5% in the last five years. Small and medium-sized companies account for 90% of the sector’s ventures.
During the most important month of the Islamic calendar, Muslims go on a fast from sunup to sundown. Businesses, public buildings and schools operate with reduced opening hours.
